DraftKings Promo Code: Bet $5, Land $200 Bonus Bets Guaranteed for March Madness Elite Eight

Wager $5 bet on any Elite Eight game today and get $200 in bonus bets regardless of the outcome. No DraftKings promo code is required!

Kyle LaRusic - Publishing Editor at Covers.com
Kyle LaRusic • Publishing Editor
Mar 29, 2025 • 11:00 ET • 3 min read
DraftKings Promo Code for Elite Eight
Photo By - IMAGN IMAGES

The Elite Eight is finally here after a blockbuster Sweet 16, and new users can sign up with DraftKings to claim the awesome offer of Bet $5, Get $200 in bonus bets by betting on any game today.

Sportsbook promos as great as this shouldn't be taken lightly, so sign up right now!

Bet $5, Get $200

What to know about the DraftKings Bet $5, Get $200 offer

DraftKings makes claiming this offer easy. New users can claim it with no DraftKings promo code necessary upon signing up.

All you need to do is register with the necessary information, make a $5 bet on any Round 2 game on Saturday, and you'll be awarded $200 in bonus bets no matter how the wager turns out!

Bonus bets will be paid out in eight increments of $25 within 72 hours of placing the qualifying wager. However, bonus bets don't last forever, as users must bet them within seven days of receiving them.

If you still have questions, our DraftKings Sportsbook review has you covered.


Offer available to first-time customers in the following states: AZ, CO, CT, DC (18+), IA, IL, IN, KS, KY (18+), LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT WY (18+), WV . Not available to residents of Ontario, CA.

Four easy steps to $200 in bonus bets

  1. Register with DraftKings.
  2. Deposit a minimum of $5.
  3. Bet $5 on any March Madness Elite Eight game (or any eligible market).
  4. Claim $200 in bonus bets over eight increments and use them within seven days.

Sportsbook promos comparison

Choosing the right sportsbook promo for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.

DraftKings FanDuel BetMGM
Current Bonus Bet $5, Get $200, Instantly Bet $5, Get $200, If Your Bet Wins $1,500 Bonus Bets Back
Promo Code None Required None Required CVRBONUS1500
Bonus Type Bet & Get Bet & Get Second Chance Bet
Bonus Amount $200 Bonus Bets $200 Bonus Bets One (< $50) or five (> $50) bonus bets
Wagering Period Seven Days Fourteen Days Seven Days
Min. Deposit $5 $5 $10

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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21+ and present in select states.Gambling Problem? Call 1-800-GAMBLER (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).

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Kyle LaRusic - Covers
Publishing Editor

Kyle LaRusic joined Covers in 2020 with a Holland College diploma in Journalism and a Mount Saint Vincent Degree in Public Relations. Stints at Amherst News and the Cape Breton Post helped sharpen his skills in a newsroom setting, while working for MSVU and Dalhousie’s athletic departments landed Kyle in his comfort zone.

Kyle has been an avid bettor for over five years, starting with just one Sports Interaction account before discovering both the beauty and importance of price shopping. bet365 and Pinnacle are his go to books, but accounts at 10+ sportsbooks give him an array of options. “Rusty” will bet on anything under the sun as long as there’s value and good reasoning behind it, but NHL and NFL are his two favorite leagues to watch and wager on — especially with friends.

Kyle’s biggest tip for any bettor is simple: gamble responsibly. Only bet what you’re willing to lose and make sure to install a proper bankroll method to keep track of your ROI. If you’re still dwelling on the amount you lost the next day, it’s time to decrease your spending.

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